first_img whatsapp Share Watchdog slaps £1.6m fine on SocGen Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite HeraldUndo whatsapp KCS-content center_img Show Comments ▼ Wednesday 25 August 2010 8:09 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof THE Financial Services Authority (FSA) regulator fined French bank Societe Generale £1.575m yesterday for failing to provide accurate transaction reports.The fine handed out to SocGen, which in 2008 lost around €5bn (£4.1bn) in a trading scandal, follows previous penalties handed out to Barclays, Credit Suisse and Commerzbank for similar failings.The FSA said that between November 2007 and February 2010, SocGen had either failed to report, or inaccurately reported, 18.8m of its 23.5m reportable transactions.It added that the SocGen breaches occurred despite the FSA sending out repeated reminders to companies of their obligations to provide accurate data, and of the importance of complying with FSA rules concerning the reporting of transactions.“SocGen failed to accurately report a very high proportion of its transactions for a significant length of time,” Margaret Cole, FSA director of enforcement and financial crime, said.“This failure is a serious breach of our rules as it can have a damaging impact on our ability to detect and investigate suspected market abuse,” she added. Tags: NULLlast_img read more